AXIOMATIC THRIVESCORES: ESG DATA & CORPORATE GROWTH SIGNALS FROM FORM 5500 DATA
Employee Benefits Data for 100,000 Companies
Axiomatic Data aggregates plan level Form 5500 filings to create a consistent, high quality, point-in time database of company level benefits information. Form 5500 Filings are a disclosure tool used to satisfy annual reporting requirements by public and private companies in the U.S. for employee benefit plans under ERISA and the Internal Revenue Code. These employee benefit filings cover both pension and welfare plan benefits.
What is the Axiomatic database?
- Quantitative data on 1 MM U.S. public & private firms.
- Data is extracted from Form 5500 ERISA filings on welfare and retirement benefit plans.
- Benefit plan-level filings are aggregated to provide company level insights over time.
- Most pension plans covered by ERISA are required to file a Form 5500.
- Welfare plans with at least 100 participants at the beginning of the plan year are required to file a Form 5500.
- Coverage of Russell 3000 with granular data on pension plans, contributions, employment, etc.
- Data across multiple EINs, years, and schedules is harmonized for consistent insights.
- Point in time:
Point in time company-level data is mapped to Russell 3000 tickers from January 2013 to December 2019 with time stamps. RELIABLE: The data is extracted, ingested, and parsed from the DOL and IRS every month.
- Harmonized & Normalized:
Plan-level data is harmonized and rolled up to company-level insights as companies may file under multiple EINs and on different schedules throughout the year.
- Point in time:
Seven years of data is available for testing
Use Cases For Public Company Investors
- For quantitative and fundamental investors:
Changes in benefit plans may signal changes in growth rates and financial health.
- For short-sellers:
Deceleration in employee benefit contributions and programs may signal impending or continuing stock weakness.
- For ESG investors:
The ability to compare employee benefit plans across all companies and industries at a high level of granularity.
- Employee Benefits:
Do companies with better employee benefit plans outperform those with poor employee benefits?
- Red Flags / Credit analysis:
Performance of companies that stop certain employee benefit plans.
- Growth trends:
Growth rate of contributions and employees participating in benefit plans signal growth in earnings.
- Macro signals:
Aggregated data and metrics on employment, contributions, and credit enable zip code level, MSA, and industry level analysis.
Use Cases For Private Company Analysis
- Due diligence:
High quality firmographics sourced from Form 5500 data (mandatory government filing).
Consistent yearly longitudinal data for these companies.
Estimated revenue for all private companies.
Industry analysis, regional analysis and hiring trends.
Monitor employee growth rates by company and industry.
Compare and benchmark employee benefit plans across all US private and public companies.
- Additional signals:
Growth trends: Growth rate of contributions and employees participating in benefit plans signal growth in earnings for private companies.
Macro signals: Aggregated data and metrics on employment, contributions, and credit for almost 1MM public and private companies enable zip code level, MSA and industry level analysis.
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